Doha Bank

Doha Bank will cut its exposure to construction companies to 10 percent from 17 percent of lending in the next three years, its CEO said on Tuesday, part of efforts to adjust to a building industry downturn following a slump in oil prices. Doha Bank has a branch in Dubai and Abu Dhabi and it is reducing exposure to the UAE through asset swaps, sources told Reuters previously. This represents part of moves by some Qatari companies to trim exposure to the Gulf’s main financial and wealth center since the rift.
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